POSCO and Hazer Collaborate to Revolutionize Steel Manufacturing with Clean Hydrogen
Key Ideas
  • Hazer and POSCO will integrate Hazer's hydrogen and graphite production technology into POSCO's steel manufacturing process to support decarbonization.
  • POSCO aims to achieve carbon neutrality by 2050 and sees Hazer's technology as vital in realizing this ambition.
  • The collaboration signifies a strategic move towards using affordable clean hydrogen in the steel industry and marks a significant step in Hazer's scale-up strategy.
  • Both companies are committed to reducing emissions and working towards a sustainable future in the steel-making sector.
The article discusses the collaboration between Hazer Group Ltd and POSCO to revolutionize steel manufacturing through the integration of clean hydrogen production technology. POSCO, a major steel maker in South Korea, has signed a non-binding Memorandum of Understanding with Hazer to incorporate Hazer's technology into its low-carbon steel production. This move is in line with POSCO's commitment to achieving carbon neutrality by 2050, with a focus on reducing emissions from the steel-making process. The collaboration will involve integrating Hazer's hydrogen production technology and assessing the application of Hazer's low emissions graphite product in steel production. Both companies are dedicated to decarbonizing the steel industry and fostering sustainability. Hazer's innovative technology offers significant benefits in supporting POSCO's Net Zero vision by providing clean hydrogen and graphite solutions. The collaboration represents a strategic initiative to address the carbon-intensive nature of the steel industry and achieve sustainable steel production. The MOU has a two-year term during which the companies will work together to implement Hazer's technology into POSCO's steel manufacturing process.
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